The global push-pull slip sheets market is anticipated to accumulate a market value of US$ 1.1 billion in 2023 and is expected to garner a valuation of US$ 1.8 billion by exhibiting a CAGR of 5% in the forecast period 2023 to 2033. The market for push-pull slip sheets reflected growth with a 3.9% CAGR in the historical period 2018 to 2022.
Traditionally, pallets were used to protect products while transporting, storing, and shipping operations. However, pallets are heavy and consume a lot of space as they are usually made up of wood which increases the cost of transportation and shipping. Due to this, demand for lightweight packaging materials is increasing to cut overall packaging and transportation costs. This is anticipated to boost sales of push-pull slip sheets in the forecast period.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1.1 billion |
| Projected Market Value in 2033 | US$ 1.8 billion |
| Growth Rate (2023 to 2033) | 5% CAGR |
These sheets are emerging as a substitute for pallets as they are lightweight and can carry as much load as wood could carry while taking up less space than wooden pallets. These sheets also help in keeping products contamination-free and offer greater product protection. Push-pull sheets are generally manufactured using recycled material and do not demand much maintenance as they can be used again. As slip sheets occupy lesser space as compared to wooden pallets, it significantly reduces the handling cost. Owing to these factors, demand for push-pull sheets in the logistics and shipping sector is expected to gain traction.
These are mainly used in the food & beverages industry as a replacement for conventional wooden pallets to avoid damage. They are also used in the transportation of beverage bottles, containers, cans, processed foods in cartons and sacks, fruits and vegetable cartons and crates, dairy products, and dry goods like salts and other ingredients. The burgeoning growth in the e-commerce sector across the globe, along with rising global trade volumes will create opportunities for market growth.
Global trade is providing a stimulus to the warehousing and e-commerce industry, which is expected to spur demand for slip sheets in the packaging sector. Moreover, a growing preference for greater safety and protection while the product is in transit will augment product sales.
On the other hand, several companies are taking action to offer green packaging solutions. Employing green packaging materials enables companies to remain competitive in the market. This trend will fuel product sales as well. Additionally, various rules, regulations, and initiatives are promoting the use of sustainable packaging products across different countries which will further benefit the market growth.
Region-wise, North America is expected to dominate the market by accumulating a 38% market share by end of the forecast period. Increasing transborder freight between North American countries is one of the key factors driving market growth across the region. Furthermore, there is growing awareness of the benefits of slip sheets in material handling, which is leading to their increased usage in different application fields.
Likewise, the market in the Asia Pacific is projected to grow with a significant CAGR of 4.7% during the projection period. Factors such as rising awareness of the environment, flourishing e-commerce, and increasing government support in reducing carbon emissions are anticipated to fuel market growth in the region.
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing push-pull slip sheets are expected to create lucrative opportunities for market growth during the forecast period.
Push-pull slip sheets are introduced as an alternative and affordable way to choose wooden pallets. Wooden pallets are heavy and take lots of space, on the other hand, push-pull slips are way lighter and cheaper than wooden pallets and consume minimal space to settle.
Push-pull slip sheets are used for shipping and storing the goods which are packed in boxes or bags and are easily moved with the help of a forklift. Mainly the push-pull sheets are made from eco-friendly & recyclable material which saves space and cost.
The slips are made out of the paper pulp and may differ in quality as per the weight to be laid on them. Several organizations are now moving towards adapting slip sheets as an option for easy shipment and storage of goods. The sheet is either made up of corrugated paper or plastic. Globally, new applications of slip sheets are increasing and manufacturers from all parts of the globe are recording rising sales for the same.
Principal Consultant
Due to the rise in demand for cost-effective, light in weight packaging solutions and environment-friendly nature, over the years there has been a rise in the demand for push-pull slip sheets made up of corrugated paper as global shipping and logistics companies get the next best alternative which is also sustainable.
Though a push-pull slip may require different types of forklift attachments to move the goods, a few changes in handling and transportation for the goods are done to enhance the efficiency of the product because of which the demand for the push-pull slip as a new shipping and storage solution is been significantly increasing.
May it be the heavy-duty industries or the lightweight products manufacturing company, push-pull slip sheets can be beneficial for all industries.
The North America region along with Europe are currently having supremacy over the push-pull slip sheets market, main reason is the favorable rules with the demand for sustainability in all the products and processes make them the market leader in making environment-friendly push-pull slip sheets which are cost-effective for their organizations as well.
In the Asia Pacific region, the demand for sheets is growing exponentially in the countries of China and India, in the wake of providing sustainable products to meet environmental goals. But due to a very less number of producers in these countries, the contribution of Asian countries in the global market share is very minimal.
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Paper is preferred by environmental and governmental organizations, which drives the push-pull slip sheet markets. Till the wood supply from forests is good the market is stable but as soon as supply gets uncertain due to uncertainty the production cost goes up as well as the final price with it.
Due to the rapid increase in globalization and changes in consumer tastes & preferences the demand for global shipping & logistics is growing eventually demand push-pull slip sheets increases and global environment-friendly trends are key trendsetters for the market.
Due the increase in the budget for research & development and the advent of technologies have been a driving force the product manufacturers and market competition to follow the latest trends for making the latest user-friendly products that are more convenient is the key.
In the further forecast period over a decade, the push-pull slip sheet market will grow at a rapid rate due to companies shifting from wooden pallets towards slips sheets which are growing in demand due to the rise in production and supplies.
The main characteristics of push-pull slip sheets that contribute to their growth are that they are eco-friendly and require low maintenance. Manufacturers of packing materials are investing high amounts in the research and development of new materials to make them more environmentally friendly and recyclable so that companies can use a green way to ship and store their products.
The push pull slip sheet requires mainly different types of arrangements to move them from one place or another.
Kintetsu world express has introduced an innovative logistics solution among the pharms sector by using the slip sheet for cargo handling at Bengaluru airport. This solution comes as a pioneering step in the field of material handling and resulted in an ultimate freight saving of 6-9%.
The large players in the field of manufacturing slip sheets used for packaging and shipping help the environment as only developed countries lead the market for pull-push slip sheets, and the materials used in developed countries to manufacture slip sheets are sustainable or procured from sources that are renewable or recycled.
Along with that laws in such countries restrict the usage of non-biodegradable materials. Also, the countries in the western world use the latest machines and technologies which are more useful and efficient made via full utilization of resources.
More research and development are done across many countries to find out which materials will be more recyclable or greener for the environment so that nature is not affected badly due to the production. Effective cost-cutting measures along with current market requirements and consumer trends are developed in western countries only.
The basic raw materials for the whole packaging industry are paper or either plastic, so the demand for plastic and paper will increase as there will be an increase in demand for slip sheets which are now becoming a trend and useful in all industries which are using slip sheets.
Also, those industries are becoming direct or indirect growth drivers of the paper and plastic markets. So more and more combinations of recycled plastics which can be used in the making of such slip sheets can be directly profitable to the slip sheets market and useful to the logistics and warehousing companies that deal with the storage and shipping of goods in all sizes and volumes.
The same goes for paper, as paper is a forest product for the last many years it has been under the watch of many environmental organizations which are there to protect nature from the bad effects.
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Push-pull Slip Sheets Market
